By Sheri Kasprzak
New York, June 5 - Malibu Minerals Inc. wrapped a private placement for $14,924,359.
The company issued 16,582,621 shares at $0.90 each.
International Capital Partners SA was the placement agent.
Proceeds will be used for working capital and general corporate purposes.
Also on Tuesday, Malibu Minerals announced that it acquired the remaining 85% of authorized share capital of Flex Fuels. For the acquisition, Malibu issued 24,854,477 shares to the shareholders of Flex Fuels.
Malibu, based in Vancouver, B.C., is a mineral exploration company.
| Issuer: | Malibu Minerals Inc.
|
| Issue: | Stock
|
| Amount: | $14,924,359
|
| Shares: | 16,582,621
|
| Price: | $0.90
|
| Warrants: | No
|
| Placement agent: | International Capital Partners SA
|
| Settlement date: | May 29
|
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